Solar power prices have dropped by over 89% in the last 10 years

Solar power prices have dropped by over 89% in the last 10 years

According to a recent report by Our World in Data, the cost of commercial solar power has dropped by more than 89% in the last 10 years, while the cost of onshore wind has dropped by 70%. This makes both types of renewable energy cheaper and more economical to produce than coal. The primary driver of the cost decline has been scale, as more companies and governments invest in renewable technologies, leading to economies of scale in supply chains and manufacturing processes. This positive feedback loop is pushing governments to make the decision to roll out renewable energy rather than traditional, polluting fossil fuel energy generation.

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More Innovation Resources:

Do You Have 5 Minutes? The True Cost of Context Switching

Using a Kanban board can improve communication and eliminate the need for status updates, resulting in increased productivity and reduced interruptions.

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All Aboard the Sensor Revolution: How the Internet of Things is Driving Innovation

All Aboard the Sensor Revolution: How the Internet of Things is Driving Innovation

The Internet of Things is the third wave in the internet's development - connecting everyday devices to the internet presenting a serious opportunity worth $1.9 trillion by 2020, with the ability to impact a wide range of industries.

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Strategy as a Team Sport

Organizational hierarchy should not segregate strategy and execution; employees at every level should be empowered to drive strategy. Innovation should exist in every employee, but innovation teams have merit.

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